Store closures include Walmart, Macy's and Bed Bath & Beyond in 2023

Store closures include Walmart, Macy’s and Bed Bath & Beyond in 2023

  • More than a dozen major retailers are expected to close at least 800 stores in the United States in 2023.
  • Macy’s, Walmart and Big Lots are among the chains closing stores.
  • Bed Bath & Beyond plans to close 416 locations – most of any retailer on the list.

It’s not quite the retail apocalypse of previous yearsbut it’s still a redesign.

An Insider tally of announcements from major retailers in 2023 reveals that at least 803 stores are expected to close during the year in the United States.

The justifications are varied: some companies are navigating through bankruptcy proceedings, while others say they want to cut costs.

Topping the list is homeware giant Bed Bath & Beyond, which once had more than 1,500 stores across three brands but now aims to end the year with just 480 locations across two brands.

See the full list:

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